Tuesday, February 14, 2017

We Are Cautious Into The Balance Of The Year, Chief Financial Officerneil Sorahan Said In A Phone Interview.

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31 from 103 million euros a year earlier, Ryanair said Monday. Analysts had estimated the figure would be barely changed at 102 million euros. Europes biggest low-cost airline saw prices tumble 17 percent in the quarter as it sought to undercut rivals, and said that trend is set to continue. While 12-month profit should still be in the range of 1.3 billion euros to 1.35 billion euros, the Dublin-based company said it cant be more specific and that any security events impacting near-term bookings could cause it to fall short. We are cautious into the balance of the year, Chief Financial OfficerNeil Sorahan said in a phone interview. in the Irish capital. Theyre virtually unchanged this year, valuing the company at 17.8 billion euros. The winter decline in ticket prices was steeper than the 13 to 15 percent previously forecast, though the reductions helped lift Ryanairs passenger tally 16 percent so that its load factor reached a record 95 percent. The company has also stepped up efforts to pare expenses and lifted its full-year target for unit cost cuts to 4 percent from 3 percent.

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